Moody’s Upgrades India’s Rating Outlook To Stable From Negative; Affirms Baa3 Rating
Moody’s Investors Service has changed the outlook on the government of India’s ratings to stable from negative. It has affirmed the country’s foreign-currency and local-currency long-term issuer ratings and the local-currency senior unsecured rating at Baa3. Moody’s said looking ahead, it expects India’s real GDP growth to average around 6% over the medium term. Earlier this month, India’s top officials have pitched for sovereign rating outlook upgrade from the current “negative” outlook.
Read more at: https://www.timesnownews.com/business-economy/economy/article/moody-s-changes-indias-rating-outlook-to-stable-from-negative/820636
- 7 Oct 2021